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hsbc is also alleged to have laundered money from mexican drug cartels. under the terms of the settlement, the bank will avoid criminal prosecution if it meets certain requirements. >>> one of the more popular parts of president obama's health care law is a provision that stops insurance companies from turning down patients with pre-existing conditions, but it's going to cost the estimated 190 million americans who are already on health plans about $63 per person. the plan is to raise $25 billion over three years. most of it will go to insurance companies to cover unexpected costs incurred by new customers with pre-existing conditions. >>> holiday shopping is leading to more work. a job placement firm says retailers added more than 465,000 seasonal workers last month. that's up 21% from a year ago. >>> and police in australia say apple's map program is potentially life threatening. authorities say several drivers who were on their way to mildura ended up stranded in a nearby state park because they were following the map's directions. now this youtube vid
hsbc is also alleged to have laundered money from mexican drug cartels. under the terms of the settlement, the bank will avoid criminal prosecution if it meets certain requirements. >>> one of the more popular parts of president obama's health care law is a provision that stops insurance companies from turning down patients with pre-existing conditions, but it's going to cost the estimated 190 million americans who are already on health plans about $63 per person. the plan is to raise...
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Dec 11, 2012
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sanctions against some pretty bad characters and hsbc apparently didn't do that. that's the allegation of the united states government, helping transfer money for drug cart cartels, for terrorist groups, for countries we're not supposed to be doing business with overall. these sanctions around libya, myanmar, syria and mexican cartels, this is what hsbc says, wants to put the whole matter behind this. "we accept responsibility for our past mistakes, we have said we're profoundly sorry for them. the hsbc of today is a fundamentally different organization from the one that made those mistakes." they were rubber stamping transfers and one economic it any of an e-mail said "what is this, the school of low expectations banking?" this executive was appalled by some of the practices of a mexican affiliate of hsbc. let me tell you about the fine here, ted, $1.92 billion, standard chartered a fine of $667 million for some similar charges of violating u.s. sanctions on transactions with iran, burma, libya, sudan. ing bank a $619 million for covering up transfers in violatio
sanctions against some pretty bad characters and hsbc apparently didn't do that. that's the allegation of the united states government, helping transfer money for drug cart cartels, for terrorist groups, for countries we're not supposed to be doing business with overall. these sanctions around libya, myanmar, syria and mexican cartels, this is what hsbc says, wants to put the whole matter behind this. "we accept responsibility for our past mistakes, we have said we're profoundly sorry for...
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Dec 11, 2012
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ing, hsbc, tried to move into the u.s. market and they tried to find ways, of course to build quickly in the u.s., acquisitions and other things. they're such big banks. are they so big they couldn't follow what the u.s. was doing, what their people in the u.s. were doing? were they able to get away with things in the u.s. not complying with u.s. law because headquarters here in europe couldn't keep control of it? that's one of the questions. the other one is, were they aggressively trying to build their business so much in the u.s. that they closed they're eyes to what was going on? that's why they're all facing fines, i think. >> thank you. >>> traditional ethiopian music meeting jazz rhythms. an artist who never touched an instrument until ten years ago. now changing the face of ethiopian music. when we got married. i had three kids. and she became the full time mother of three. it was soccer, and ballet, and cheerleading, and baseball. those years were crazy. so, as we go into this next phase, you know, a big part of i
ing, hsbc, tried to move into the u.s. market and they tried to find ways, of course to build quickly in the u.s., acquisitions and other things. they're such big banks. are they so big they couldn't follow what the u.s. was doing, what their people in the u.s. were doing? were they able to get away with things in the u.s. not complying with u.s. law because headquarters here in europe couldn't keep control of it? that's one of the questions. the other one is, were they aggressively trying to...
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. >>> british banking giant hsbc agreed to pay $1.92 billion to settle a money laundering investigation here in the u.s. hsbc is accused of transferring billions of dollars for nations like iran doing business with firms linked to terrorism and enabling mexican drug cartels to move money illegally through u.s. subsidiaries. the settlement represents the largest pen the ever paid by a bank. >>> now pot is officially legal in colorado. people 21 and older may have up to 1 ounce of weed, smoke it, not in public and grow a small amount at home as well. the governor has created a task force to help implement the law. here's the problem. it's complicated. the federal government still says marijuana is illegal. >> rocky mountain high. i'll be the billionth person to say that. >>> countdown to double secret lift jop. the space plane is cleared to lift off at 1:05 p.m. eastern time from cape canaveral. this is an unmanned reusable mini verlgs of the space shuttle. it lifts off vertically and lands on auto pilot on a runway. no one knows what it's carrying. the cost to develop it, that is also cl
. >>> british banking giant hsbc agreed to pay $1.92 billion to settle a money laundering investigation here in the u.s. hsbc is accused of transferring billions of dollars for nations like iran doing business with firms linked to terrorism and enabling mexican drug cartels to move money illegally through u.s. subsidiaries. the settlement represents the largest pen the ever paid by a bank. >>> now pot is officially legal in colorado. people 21 and older may have up to 1 ounce...
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. >> hsbc, what they are accused of. in moments. you're watching "starting point." [ sniffs ] i have a cold. [ sniffs ] i took dayquil but my nose is still runny. [ male announcer ] truth is, dayquil doesn't treat that. really? [ male announcer ] alka-seltzer plus fights your worst cold symptoms, plus it relieves your runny nose. [ breathes deeply ] awesome. [ male announcer ] yes, it is. that's the cold truth! >>> good morning. welcome back. i'm christine romans. minding your business. three british nationals arrested in connection with the libor rate fixing scandal. libor rate is used to set rates on loans. three arrests out of the uk right now. >>> u.s. stock futures higher. fiscal cliff talks, federal reserve meeting in washington, two drivers for investments over the next couple of days. futures holding in there for now. >>> federal and state authorities have reached a record-setting settlement with british banking giant hsbc. europe's largest lender has agreed to a staggering settlement. this is a big fine. hsbc is accused of
. >> hsbc, what they are accused of. in moments. you're watching "starting point." [ sniffs ] i have a cold. [ sniffs ] i took dayquil but my nose is still runny. [ male announcer ] truth is, dayquil doesn't treat that. really? [ male announcer ] alka-seltzer plus fights your worst cold symptoms, plus it relieves your runny nose. [ breathes deeply ] awesome. [ male announcer ] yes, it is. that's the cold truth! >>> good morning. welcome back. i'm christine romans....
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hsbc is accused of money laundering for mexican drug cartel. announcement formally is expected tomorrow. >> apple new appearing map is now coming with a safety warning for nurs australia. police in the city of victoria asking drivers to avoid using it. officers say they have had to rescue several people who got lost when the app led them to the wrong place. drivers stranded for more than 24 hours when directed miles away from murray sunset national park. may not seem like a big deal except that location is in the middle of nowhere and the park has no water supply and temperatures can reach 115 degrees. dangerous place to be stranded. apple hasn't commented but the ceo tim cook publicly apologized for the app early this year and has promised improvements. >> trying to catholic church a cab in san francisco can be frustrating and at some hours of the day nearly im poll as you may know. that's what a handful of service have popped up to help you call for everything from a limousine to a neighbor with a car. but as jonathan bloom explains, those ne
hsbc is accused of money laundering for mexican drug cartel. announcement formally is expected tomorrow. >> apple new appearing map is now coming with a safety warning for nurs australia. police in the city of victoria asking drivers to avoid using it. officers say they have had to rescue several people who got lost when the app led them to the wrong place. drivers stranded for more than 24 hours when directed miles away from murray sunset national park. may not seem like a big deal...
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Dec 11, 2012
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. >> and apple shares continue to slide down to 529.82 but shares are up the premarket >>hsbc will pay $1.9 billion to settle a u.s. money-laundering probe. the investigation into hsbc has focused on the transfer of billions of dollars on behalf of nations such as iran and the transfer of money from mexican drug cartels. the british bank said in statement tuesday that the settlement involves a deferred prosecution agreement with the u.s. department of justice. the bank won't be prosecuted if it meets certain conditions, such as strengthening internal controls to prevent money laundering. >> we will get you started with weather and traffic and everything went you need to head out the door. let us take a look at our roof cam. we are looking at a pretty the day today. will get cold. we have changes on the way to tell you about. we will be right back. 5:14 is the type. >> california experience the highest tides of the year this week. thursday morning is when it will peak. this condition is called the king tied to where the gravitational tug of the moon and sun not climate change is respons
. >> and apple shares continue to slide down to 529.82 but shares are up the premarket >>hsbc will pay $1.9 billion to settle a u.s. money-laundering probe. the investigation into hsbc has focused on the transfer of billions of dollars on behalf of nations such as iran and the transfer of money from mexican drug cartels. the british bank said in statement tuesday that the settlement involves a deferred prosecution agreement with the u.s. department of justice. the bank won't be...
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Dec 11, 2012
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. >>> and hsbc is expected to pay the government $1.9 million to settle accusations that the bank helped launder money for mexican drug cartels and for officials in iran. >>> and take a look at this. massive fireball that you'll see there, streaking across the sky over houston. unfortunately, it was not a ufo. simply a meteor that people saw before dawn, driving. very unfortunate. it was so bright, a camera caught it 500 miles away. had it been a ufo, obviously, a life-changer. >>> and it was supposed to be the game of the year between new england and houston last night. wasn't even close. even when things didn't go as planned, as you see here, well, the patriots took advantage, fumbling into the end zone. why not? tom brady and the patriots steamrolling the houston, texans. the new daddy threw for four scores. and right now, there's no doubt about who the kings of the hill are in the nfl. >> josh, thanks very much. >>> we're going to turn to the brazen shooting in midday, midtown manhattan, just steps away from carnegie hall. a young man executed. one bullet to the back of the head in a
. >>> and hsbc is expected to pay the government $1.9 million to settle accusations that the bank helped launder money for mexican drug cartels and for officials in iran. >>> and take a look at this. massive fireball that you'll see there, streaking across the sky over houston. unfortunately, it was not a ufo. simply a meteor that people saw before dawn, driving. very unfortunate. it was so bright, a camera caught it 500 miles away. had it been a ufo, obviously, a...